22:11:51 EDT Thu 28 Mar 2024
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Aurora Cannabis Inc
Symbol ACB
Shares Issued 996,548,641
Close 2018-12-13 C$ 7.61
Market Cap C$ 7,583,735,158
Recent Sedar Documents

Van Sun/CP say Canopy, others see Vancouver get tough

2018-12-14 08:34 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Vancouver Sun reports in its Friday edition that the city has successfully argued in court that it has the authority to shut down illegal marijuana dispensaries. A Canadian Press dispatch to the Sun says that in a news release, the city says that the B.C. Supreme Court's decision to order the closing of unlicensed retail shops also sets a precedent if illegal operators fight injunctions requiring them to close in the future. The city says it filed 53 injunctions against businesses that were operating outside its regulations, but only 28 stores participated in the legal test case after some closed down. Years before cannabis became legal, illegal marijuana-related businesses grew so the city introduced regulations and fees to control where medical pot dispensaries could operate. Injunctions were filed on May 31, 2016, against the businesses that did not have approval to operate but remained open after missing a deadline to close. The city says it has collected almost $3-million from more than 3,700 tickets that were issued against businesses operating outside its regulations. The city says that the decision signals that any cannabis retail store operating outside city regulations "can and will be enforced."

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